joining us >> thank you quick programming note, tomorrow as you know is a shortened trading day, and a special christmas eve edition of "closing bell" will be tomorrow at 12:00 noon to 2:00 p.m. eastern on cnbc. >> yes so holiday week but right now santa claus rally seems to be very much intact we have record closes again for the dow, s&p and nasdaq today. >> that does it for "closing bell." >> "fast money" begins right now. >> live from the nasdaq market site this is "fast money." i'm scott walker in for melissa lee. tonight on "fast" getting high, tesla shares crossing the 420 mark as the stock blazes to a new record where does it go from here we'll get some answers, plus today's mystery chart the best performing stock in the 1.500 this year. why the options market is betting on more gains in 2020. and later, with just hours left until christmas, we're unwrapping last-minute stocking

stuffers, four names you might want to put on your list but we begin with big news of the day, boeing shares getting a pop thanks to the company firing its ceo phil he wilebeau is in chicago the details. >> the board of directors met over the weekend via conference call and sunday night the boeing board said we've had enough of dennis muilenberg. they reached the decision sunday night to for him effective immediately. basic at this it comes down to this a couple of things happened in the last two months that the board said we've had enough. the broken faa relationship which we've talked about and halting 737 max production, that's a a mop umtal decision boeing reached last week, one they never had before. the new ceo is the former executive chairman dave calhoun takes over as ceo and president effective january 13th what's his game plan, rebuild the faa relationship and to that

end he called the head of the faa this morning and said we welcome rigorous oversight also a reset for the 737 max, that doesn't mean redoing all the work, but it does mean sitting down with the engineers, all the key people involved at boeing and saying where are we what what realistically can we expect, what do we need to improve, what do we need to change and final repair airline confidence in boeing and to that end when i talked with dave calhoun just a month ago about the 737 max, he alluded to the fact that getting the max back into service is job number one for this company >> it's not over when it's certified. there's no victory in that, right? we have to get the airplanes that our customers put on the ground, we have to get them back in the air we have to assist them every step of the way, and we have to get the airplanes that we built and are ready for delivery to customers back in the air as well that's a long program, at least a year and it's a tough, important task >> as you take a look at shares of boeing over the last couple

of weeks, last month, look how it was under pressure there, trading all the way down into the 320s for a brief couple of days keep in mind the airlines are right now expecting the 737 max to be recertified likely by early spring, scott but again, nobody is counting on that there's no time line that is out there, those time lines, those are a thing of the past. we saw those constantly under dennis muilenberg. we are not going to see that under dave calhoun >> you reported as well today, phil, calhoun's already working the phones >> yes, actively, and it's not just him he has stan diehl, the head of boeing commercial airplanes, greg smith, tim keating in charge of government relations out of d.c., all on the phone, with airline ceos, the head of the faa who dave calhoun called today amongst other people they were talking with members of congress. they realized the damage that has been done over the last nine months, and at a minimum, what they're saying today is we

realize what we've done wrong. we're going to turn the page we're going to improve, and it's not going to happen overnight. nobody is expecting it overnight. at a minimum they've changed their tenor and tone >> we appreciate it, phil lebeau in chicago is this the catalyst boeing needs to stage a turn-around in 2020 guy adami? >> welcome, scott. >> thank you, guy. >> great to have you here. >> great to be here. >> i know you watch this show reledgio reledgiously, we've been saying for gheit some time the way the stock traded since this happened back in march, 375 is the upper end of the range, 320 is the lower end. i know categorically we said the stock will probably trade down to the august 14th low which is 320. that's what happened, and it happened on significant volume so it's a turn-around? no can this get us back up to 350 or so, a 50% retracement of the move we've basically seen for nine months? yes. this doesn't change anything in my estimation in terms of th boeing story but a great trading

stock and i think there's room on the upside. >> doesn't get the planes back in the air quicker but they had to do something. >> they had to do something. the irony is as phil pointed out part of the reason for the firing may have been the grounding of the max production schedule, but in fact the whole thing seems like it was about placating the faa and the faa was really offsides in terms of how they interpreted boeing's actions and muilenberg was the guy. i don't think that today's announcement does anything to change the trajectory of the 737, pun not really intended but in terms of getting back into production i don't think this does anything in terms of the fundamentals of the company. i think this is actually what had to be done i think larry kelner coming in on the chairman's role, phil talked about working the phones all day. this is the ex-ceo of continental airlines, a guy who certainly knows what the customers need to hear, a guy who will help repair that brand. they're doing everything they're supposed to do

this is a proactive move by the board, a lot of people felt they should have been proactive months ago the stock has done nothing for 18 months. >> it's been an overhang for the economy, too >> it has hurt, gm strike is another factor from a consumer standpoint would you fly a 737? would you fly it >> i'd fly it. if it's back into production and i think it's ready to roll most of the airlines, delta gets points for having moved forward with airbus really more tactically but look, i realize there are a lot of folks that think structurally you get into the max and where there have been issues with this plane, have they solved them. i don't think the safety issues right here and now for the stock price are at all part of what's going on >> i mean, i think it's also interesting that if the 320 level holds it really depends on your time frame for this stock this is something that's going

to be going on for a long time when you look at etfs it's the largest weight in the diamonds adding to your 401(k), your i.r.a. you're essentially buying the dip in the stock it's also around a 1% weight in the spy so if you own those types of things you own a little boeing >> there are residual impacts. stocks like ge, a customer of boeing, for example, was specifically noted in steven touza's research last week as one of the reasons why he can't yet get bullish on a name like ge is because of the overhang on boeing so it's not just a boeing story. there are other companies making components and other things that go into these jets that you need to get back in the air >> i think that's a fair point a $5 price target on your show a week or so ago i can't say it's going to five but i think it's going to go probably to eight before it goes to 12 1/2. that's another conversation. in terms of your point though, a

spirit aerospace for example, symbol is spr on a date that boeing is up as significantly as it is, you would have thought just tangentially this stock would be up a percent and a half, 2% it was up maybe 0.4% i think that's telling you something. although you see a relief rally in boeing that can last the problems they face are still out there. >> what is it telling you, guy >> tells me the stock is going to trade between this 320 and 375 range but i think the long-term is this stock probably pushes back in my opinion to december low i think 295 >> a warm body in the seat doesn't get the plane in the air tomorrow either. >> there was an analyst on earl ger from jeffries i believe on cnbc and was saying 275 was their price target if the max doesn't come back into service, it would be bought by the military but they'd get something for it but not the full amount. >> your point, scott, ge aviation is the best part of ge and if that's impaired, there are certainly some impacts again i don't think today's

announcement does anything to change the schedule of when the max is back there. the analyst i read nobody really adjusted, i heard everything from kind of march to april to people that are being more conservative, the middle part of the year i think people already and i mean investors and i certainly mean analysts have begun to dot impact on free cash flow and the impact on leverage those are the things you should continue to be watching. net leverage of the company went from being not even a factor in a company that was spinning off free cash flow like it was going out of style, but the other thing that you are starting to hear about is to what extent is boeing now really needing to be looking at innovation, and a company that we thought had overcome so many structural kind of practical issues they dealt with more years in terms of not finishing planes on time and having questions how innovative they'll be, that may be coming back into the forefront. that was not an issue for three years as this company really rerated. >> i'm even thinking about sort of like wells fargo-ish type things where you the ceo on

watch crisis is out and next person doesn't have the job that long either. there is a lot to develop. who knows where this will shake out. >> i don't think anyone should expect this to be a short ceo two to three years i was reading hunter wolf. this is his call, a practical response i believe were his words in terms of what you're supposed to do here. you bring the chairman down to the ceo's role, continuity and a guy into the chairman's role who comes from big airlines. >> our gex guest called for mr. muilenberg to step down months ago. ernie arvai, welcome back. >> thank you, my pleasure. >> any surprises by what happened today

>> i don't think so. it happened in the season right before christmas which is never when you want to see something like this happen but i think it's a strong move by boeing to at least have a scapegoat here mr. muilenberg wasn't getting the message through with the faa and with some of the international regulators and customers, and i think those negotiations all were going south, and we had what perhaps was the final straw the failure of the starliner space capsule over the weekend to dock with the space station and just the add up of all the failures that happened have maybe that was the last straw for the board >> is calhoun the right person there is some suggestion and pushback that they should have been outside given the culture of what's transpired and how this could have happened in the

first place. >> it might have been wise to go outside. in my choice i would have done that but calhoun certainly has a strong background in private equity but a shareholder value disciple from his executive time at ge. it is shareholder driven and he needs to change the culture but he's been associated with this culture as a board member for the last ten years so it's tough to change something that you've done but fundamentally, this new ceo has to communicate with engineers on a knowledgeable basis, instill innovation back into the boeing culture, which really hasn't happened as much over the last couple of years, and that may result from the cash flow on the 787 debacle when that program went into financial verdrive, but they've had the money to innovate but they've spent it primarily to increase the stock price on the shareholders. >> if you're a shareholder, ernie, if i could jump in, if

you're a shareholder tonight, should you feel better about boeing >> i feel about the same as i did. i feel a little bit better in terms of the potential and recognition of the problem the question can they solve the problem, the jury is out we'll see he said a number of right things in terms of transparency and communication and that's important i think larry keller as the chairman can certainly communicate with airlines on a peer-to-peer basis, given ko continental. we have a resource that is useful it's really the culture that has to change. an engineer who has a safety issue has to go back up to the chief engineer i'm not pudging

budging on this one. it's a question how far can you go and how far can you push things within the culture. boeing has culled that back from the engineers and they're frustrated i think as a group in seattle. >> ernie we appreciate your insig insights thanks for being with us. >> my pleasure >> i'm reading ernie's notes he was talking about the culture he would have wanted to see a dividend cut and company focus on their product line. that's a bigger story here we may hear more about. >> we're getting started here. up next tesla is kicking into high gear, the stock crossing the infamous 420 level but will the gains go up in spoke one of wall street's biggest bulls says the record rally is snowing no signs of stopping, where julian emanuel sees another upside life from metis square, much more "fast money" right after this

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welcome back tesla topping the tape today the stock crossing the $420 level. elon musk once said he'd take the company private at that

number as we know now that didn't happen and probably not happening. we did hear from mr. musk today, he tweeted "whoa, the stock is so high, lol." all that the jokes aside, is there more room to run this stock has exploded the last three months >> the first half of this year i think we did a decent job, the move from 350 to -- >> who is we >> this show i'm not an "i" person. i speak in the context i'm "i" when i'm wrong and i am bea to say, by the way, but i have been dead wrong for the last literally $200 $175, dan came on the show and the sentiment so bad it was worth a look and he was right. i thought we'd get to 225, 230 that was correct here we are $200 later it's disingenuous to come on and say you sell again

i've been wrong. >> hasn't stopped you before >> you can't just speak in a vacuum you have to put that out there has it gotten ahead of itself, without question i thought that $100 ago. >> no stock more important to acknowledge whether you've been right or wrong doesn't matter but 220 i'll up your $200, i've been wrong for 220. the thing about the move that doesn't necessarily change in telli negative view, there's not a lot of detail who is going to fund the battery business i want to see profitable and two quarters in a n to a complete change in the fundamentals on the balance sheet and free cash flow i have to reassess. everything from the mass exodus departures to profitable, capex has gone down. only thing that is up is the stock price. >> you're an options guy >> i am. >> is the better play on options play rather than a stock play? >> i like the stock play

if you take a step back and look at the daily chart, the weekly chart the stock is trading in a range. i like breakouts has it gotten too far? it has broken out quickly. if it back end fills there is your opportunity it spent so much time in the range breaking out is a good thing. i think it could come in a bit >> this is high data on the market so if you love the market we'll talk about the market, everybody's so bold up on 2020 >> sure. >> they think the names will do well, broader market and the economy. the economy i think is going to do great >> we'll talk about gdp. >> a sail gent point you get the responses when funds don't line up. >> where are the bonds traders on tesla we should bring back a bond king >> they rallied.

>> to christian's point about the back end fill. the previous jowel time high in june of 017 for you home gamers out there. >> for more on tesla's record run head to cnbc.com here's what else is coming up on "fast. >> markets may be at record highs but one sector is far from seeing its best days will energy play catch up in the new year the chartmaster breaks it down plus apple has got a new biggest bull on wall street. we'll find out just how high this stock can go. that and much more when "fast money" returns we offer commission-free online u.s. stock and etf trades. and, when you open a new fidelity brokerage account, your cash is automatically invested at a great rate -- that's 21 times more than schwab's. plus, fidelity's leading price improvement on trades saved investors hundreds of millions of dollars last year. that's why fidelity continues to lead the industry in value

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what a difference a year makes tomorrow marks the one-year anniversary of the christmas eve market collapse. the s&p 500 plunged 2.75%, briefly slipped into a bear market the s&p up 37% since them. btig's derivative strategist julian emanuel sees the s&p 500 hitting 3450 next year i can't believe i'm going to read this next number, says you think we could approach 4,000 on the s&p 500 next year. mr. bull, nice to see you. >> great to be here. under the right set of circumstances we can what is fascinating to us is that you teed us up previously, one of the biggest bulls on the street, we're only looking as our base case 7% upside and what's amazing is that when you look at the past history of years following good years like

2019 the ranch return is over 14%. that's the ingrained defensiveness that we've seen the entire year leading stocks higher and we think there's plenty of going into 2020. >> how many of those following years happened to fall in an election year, a lot going on next year especially in the second half. the market can withstand all of that >> there is a lot going on we certainly think the runway is reasonably clear in the first half if you look today, i think we could all argue given the rally we had the last couple months the market is overbought on a short term basis when we look at things like the hedging structures going out past the election, the profound sort of fear of you know, a good economy, politics that seems to be working in the favor of creating economic upside it seems sort of irrational to us in a lot of ways. >> what about earnings, though all of the things that you said are working, earnings exactly

not, aren't exactly working. you better have earnings >> we think you do we're looking for slightly under 7% growth, really consistent with sort of you know, a stabilizing global gdp scenario, places where europe, things seem to be looking a little bit better politically obviously the u.s. and china looking better, u.s. mca about to go into effect. it's really sort of normal when you take the last two years into consideration. a juice tax and this past year which was too difficult to comp. versus the previous. >> is that 7% earnings growth sound reasonable to you? >> sure. this year's earnings were lousy for the reasons you mentioned, the market did great the economy could grow 3%, nominal could do 5%, corporate profits could do 10% i'm upbeat the fed pivoted, all the internals of the market are

telling you that the economy should do better, the cyclicals advancing, industrials, yield curve steepening if the economy does well that is going to remove the political risk because the unemployment rate could be at 3% next year. if the economy grows at 3, i could make a good case the unemployment ends the year at 3. >> i would say if the economy is going to grow at 3% next year and consensus is 1.8, 1.9, we're looking for 1.9 that's a recipe where you don't need the investing public to "fall in love" with stocks again. that's going to get us well behind our price target. >> everything you said sounds like a recipe for the fed. how does the fed stay out, 3% growth and we chucked a quarter trillion dollars balance sheet, in the last couple months. any whisper of the fed changing their tune i think will scuttle their whole thing. >> the fed is not changing their tune first off if you get much past

the first quarter, whatever the fed does is going to look political after the last couple years. >> not doing anything in an election year. >> exactly behind the scenes they'll continue to support the money markets, they're going to buy bills at the short end, which will gently expand the balance sheet and gently cause the yield curve to continue steepening, both of which are important for confidence >> yulian, when do we make the high end market, could it be in mid year >> it could be again, it really depends on the degree to which for us it's very important we actually think that global bond yields bottomed very significantly in august/september and what we think is likely to happen for the first time in many years is that the public will see there's the potential for capital losses in their bond funds, how large their money market balances are, they'll shift into stocks. it depends how quickly that occurs we don't think it's likely to be a whoosh we think it's likely to be

gradual so stock prices could stay supportive. >> julian, thank you what do you think? best case far apart. >> i think there's a lot to like there's really not a lot to dislike right now other than short term sent imrunning high prices continue to move up and if you look under the hood, market breadth is strong, advanced decline line making new highs so we're not seeing any divergences in the market which i think is really key. while this continues and the groups making 52 highs are all over the place, consumer staple, it's tech, agriculture stock i think riding the trend is really where to be in the market until things change. >> being bullish is being right without question here we are at all-time highs. >> there is a degree of

bullishness that one has to entertain. whether it's 34, 50 or 39. >> 39.50, in my world, 3400 is a reach. 3950 is a series reach but when you talk about s&p market cap to gdp we are talking about 150%. those are historic levels, consumer debt at low interest rates north of 50%, even corporate debt is a ridiculous level. a lot of things to be scared of and doesn't matter because the market goes up every day and the market is the ultimate arbiter it's a way of making people trying to throw cold water on this foolish >> if you normalize where we went from in the fall of last year and take it from november levels we're only up 13% on the year the draw down from year end, gen one was artificially low the numbers aren't as impressive and that's good for the market >> well, there is one part of the market that is sitting out this record rally, energy. closing out of correction

territory today but the worst performing sector of the year. what is in store as we head into the new year chartmaster carter worth has more >> practically uninvestable as we all know and yet not a bad year, up .84%. you take that any other year but compared to the alternatives it feels sorry. the other thing is it's not a sector we know it's down to 4% of the s&p but the top two stocks are 50% of the weight. you get into a situation almost like at&t and verizon, it's exxon and chevron effectively the sector of fuel 28 stocks in total, $1.2 trillion let's look at the long-term picture, in the dot-comera, cisco is worth more than any other company in the world and energy 5% of the s&p right now we are at 4.3. it's the lowest it's been and the issue is is it worth a look? that's exactly what it's going to be. it's not going to beat your google over three years or

microsoft but it is worth a piece of money and i think the lines draw themselves this way whether you call it head and shoulders or mirror image double bottom or you want to do this it has the e8 emts and we moved above the downtrend line this will not come to life the way banks did industrials but it has the elements of legs here. i think you want to be long xle, even though it isn't a group, it's only frankly a handful of stocks >> you've changed your overall point of view on the market then >> no. >> you think energy -- hold on you were negative, weren't you negative on the market, looking for a pullback you think energy will have a breakout and the market will be negative >> look what happened to

materials which were lagging crude oil is average price over the past decade 60 bucks it's not 28 bucks where it was in february of '16 that's enough to support some of the equities here. you find a real dog like a haliburton and barbell is with a winner like hess not just do the diggers and not play to strength best in class and also find a real loser >> if energy is going to do well it's likely going to be as global growth improves >> which is money flow i think $60 a barrel is enough to support the equity prices >> it may be money flow. carter's answer is cause and effect i will add in some macro and say i think the dollar's range bound to lower, good for energy prices reflation trade, everything we talk about with bond yield curves and what's going on with the fed or lack of fed and you get into the fact industrial

trade war ticks up a little bit and finally in the energy sector the lack of reinvestment into capex and opex means you have supply pull-backs. you can't not reinvest in your facilities for five years which on the whole is generalization but good for prices. it will support energy prices. >> you want to get one step away up 2% today, making 3 1/2 year high the name we talked about for a while i'm with carter on this one. i don't think you have to be bullish in the broader market to think these go higher. we've mentioned that now since october, which made a huge double bottom at 30 bucks, we pointed that out stock's up 30% in basic in months that's a move that can go higher from here. >> the other side of that, because energy's going up, it means you're bullish it would be if energy is going down you're bearish. what have equities done the past five years gone straight up.

how could the market have gone up that's the opposite of what you're saying. >> i hear you. i was going to ask he he like h scl scs schlumberger you like it? >> at some point joe needs to stand up and so e see his pants. >> and sweater nice sweater [ applause ] >> a round of applause apple is having its best year in a decade and one analyst says the tech giant could see more gains in 2020 and later we break out our 2020 playbook, the four things to watch in retail as we head into the new year stick with us. much more "fast money" is right after this energy the w

if you see wires down, treat them all as if >>they are hot and energized. stay away from any downed wire, call 911 and call pg&e right after so we can both respond out and keep the public safe.

welcome back to "fast money. apple hitting another all-time high today and a new number one bull on the street

dan yves upping his price target to $350 a share. it's our call of the day 5g iphone also drive a "super cycle" for apple stock price over the next year those phones are expected to hit the market in september. apple has had an incredible 2019 this though implies another 25% upside does this make sense to you? >> haven't we packed the super cycle into this stock since june, when it's up 70% >> that's what i was asking people today on "the half. how much of that is already in the stock? ingly think so everybody knows the 5g story is a 2h21 story it's something they're allowed to price in. i'm long apple i'm an investor in apple i don't think you need to trade it too hard. but when we talk about it was easy for me to talk about in june, before the stock made the move and even in august that you should be putting a different blended multiple on the stock. you should value the hardware,

value the services people are looking at the digital business and wearables so the point 20 times forward this is not a stock that needs to rerate that much more anymore. i like apple, i stay long. this is not a knock on dan yves. analysts are chasing themselves uphill on this one because they have to. >> this time last year this stock doubled since this time last year. it was $148 stock or so. now you see where we are to tim's point, if they're going to make close to $15 or so next year stock trading close to 20 times next year's numbers, probably a reasonable multiple for this company if people want to trip over themselves that's fine but you know, we've talked about getting the 280 for a while. here we are. i think if you're buying it as a new position here, you're trading wrong and i think you should start to be pepeeling ouf the name >> you could turn to christian, i thought you were going to turn to joe >> if you'd like to host the show >> i've got an iphone 7.

>> you want to switch seats? what's your point you're ready for the upgrade? >> sure. all right, so joe -- >> is ready for him in the middle seat? >> this is candy canes here. apple's impact in terms of the markets, in terms much the economy here >> a year ago we were on the show, i was on the show we talked about apple and the numbers weren't great, worried about china and the global economy. the u.s. consumer looks good just in general pick the space but you have high savings, savings rates 8% you've got extraordinarily low debt service burden, unemployment is 3.5, good chance it goes lower, wages are rising in general, the things that people like to buy you think will do pretty well against that type of back drop, if anything should pick up steam >> you got a price target? >> what do you want it to be, 300, 220 no, 221 just kidding >> whatever it takes >> just a joke >> look at him doesn't he resemble michael

keaton, the handsome version of michael keaton >> mr. mom version >> i can do both i'm a renaissance man guy. i could do both. >> just saying >> when apple wins so do its suppliers so if a bigger apple breakout is coming, that could be a huge thing for a name like skyworks what's your problem? >> it's just i love the kind of you want to switch chairs? i like that. that was good. >> it's a holiday season >> appreciate it skyworks is up 80% this year and options traders are betting on more gains ahead what kind of activity are you seeing >> it's really interesting because apple's been the big trade this year but also been in the semiconductors and it's basically been one by one, where we're seeing both option activity and just really nice aggressive upside price action we've seen that with taiwan semiconductor, with korbo and other names like amd but skyworks is the latest one in the last couple weeks and what we've seen is really steady

option activity, aggressive, not going out too far. just today for example we saw the january 120 calls go up. just the other day we saw the february 120 calls go up, so there's been that steady activity and it's really ripped to the upside. so you know i think right here, it's a very complicated technical pattern, we kind of have a little bit of a hockey stick pattern over the last couple weeks so i think it needs to kind of cool off a little bit and come back and retest. i think 110 would be a great area to kind of revisit the name if it cools off a bit and you can kind of spread out to february looking further upside. >> call spread makes sense to you here >> sure, why not to two of them >> i'm going to trade. i got 16 minutes >> look, here's what i could tell you if you look historically at the economy s&p, before the recession is up 18% on average so if the recession isn't

happening for a while you got a lot of runway. >> for more options action, check out our live show this friday, 5:30 p.m. eastern time are you on up next, last-minute stocking stuffers, four names to consider as we head into the holiday. 2020 vision, breaking out our crystal ball, what is in store for the retail in the new year stick with us. "fast money" is back right after this ♪ ♪ ♪ ♪ ♪

welcome back the xrt etf is underpurchasing the broader market but could that change in the new year? courtney reagan looks as what's in store for 2020. >> 2019 was a difficult year for retail with clear winners and loser. expect the divergence to continue in 2020 first the tariff divide. the country's tariff schedule continues to evolve, brands and retailers aren't waiting to adapt. some will do so easier than others and retailers like target,al mart and best buy use scale and influence to keep prices low for shoppers insisting the brands they buy

from take on whatever higher cost result. it will hurt smaller less powerful players second, old is new again as the retail resale market grows watch for more retailers to experiment with new ways of selling merchandise secondhand as gen z focuses on sustainable shopping, watch for retailers to deploy consignment options giving old merchandise second life and third, new ceos, new strategies many retailers have or will have new ceos settle in, in the new year including bed, bath & beyond and tapestry, underwarm your, nike and gap they decide if they're willing to give them a chance to make change >> that was courtney reagan reporting. do you have a quick comment? >> i do. yes, scott

walmart is ridiculous, target is catching up t deserves to catch up i think they're going to find each other 20 times and that makes sense. in terms of trades we pointed this out a couple weeks ago the macy's downgrade by goldman sachs came at the wrong time they'll be right their timing was miserable like bernstein's timing in fedex was miserable. a stock to go up 15% for a trade, letter "m." back to you. up next a december to remember for a handful of stocks so is now the time to trim some of this month's biggest winners? sd itiaround, we are live at the naaqn mes square, more "fast money" is still ahead. what are you doing back there, junior?

since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app makes today's xfinity customer service simple, easy, awesome. not my thing.

♪ rockin' around the christmas tree at the christmas party hop ♪ welcome back to "fast money. that is a beautiful live picture tonight, rockefeller plaza, the world's most famous christmas tree skating rink, all trimmed, ready to go. the question is, are you or is it time to trim some of your big winners this year just look at a few of this month's standouts, western digital, wimpb resorts, under armour having a strong december.

in honor of the holiday season, ho, ho, ho, or no, no, no. if you like one of the december winners i'm giving you one guess it will be, ho, ho, ho, and this will happen. >> no, no, no. >> that's if you think it's over >> so let's kick things off. >> ho, ho, ho! >> it's a weird ho, ho, ho >> western digital, no, no, no how about that i think this is a stock that has had an enormous run and at this point i know we're repricing >> no, no, no! >> sorry and we're pricing around but i think you have a case where we've come too far too fast, i think you need to take a breather certainly way overbought on a short term basis rsis and whatnot. the valuation has come a long way. i take a pause >> i said no, no, no, i felt like i should be saying ho, ho,

ho >> we're on a roll let's move on to the emerging markets outperforming around 5%. joe, what is your position on the eem? ho, ho, ho or no, no, no >> i got a bad joke but not going to say it. >> say it. >> why, the dollar is weaker >> ho, ho, ho! >> if the fed doesn't do anything, risk assets should do well and em has relative value compared to other places >> nice work >> next up check out wynn resorts up a little more than 16% this month christian, what's your take? >> i'm going to go ho, ho, ho with this one. it has more to go. >> ho, ho, ho! >> it's awful. you look at how wynn has traded the last few years, it's very streaky. it goes up a lot and then it goes down a lot. i think one of the things that's really helping the stock is they're talking about stimulus out from china and i think it's

got the wind at its backs right now. if you can get out of the sideways pattern and stay above 135 it has potential to continue with momentum. >> last but not least thankfully, under armour up 14% in december. >> wow, hard core. >> you're a sports fan, scott, so recall back in the early 20th century, babe ruth was sold to the new york yankees to fund a production of? no-no nanette. >> no, no, no! >> no, no nanette was the play and my answer to this is also no, no, no they made a mistake then >> no, no, no. >> you're making a mistake now at 45 times forward earnings, if you're finding under armour which you will in the t.j. maxx aisles too expensive i would say no, no, no, scott. >> interesting >> is there a translation for what he just said? >> no, no nanette, sort of kind

of know where he went. >> giving the folks at home something. >> t.j. maxx everything discount >> that's the problem. >> if you appear in the aisles of t.j. maxx your business is toast? >> if you appear en masse as much of this under armour garb is >> ubiquitous, got it. >> as much as we'd like this game to continue -- >> we have to go to break. >> hard to bieelve is it that time? >> it is final trades are next. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested.

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"final trade" is sponsored by interactive brokers minimize your cost to maximize your return. >> it is time now for "final trade" as we go around the horn. tim seymour? >> carter had cisco on one of his charts as a reference to the dot-comera cisco is a security and software play that is ready to rerate mega cap big tech. like it. >> joey pants. >> love the pants. >> got to look at those. >> higher yields, steeper curve, strong economy should be very good for banks >> there they are. look at that christian? >> nice. >> alb aggressive option activity and recapturing 2900-day moving average. >> wish all the fans happy

hanukkah, merry christmas. 23rd no show tomorrow amazing! numont is higher, look at gold >> that does it for us "mad money" with our friend jim cramer starts right now. with our friend jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cray mer ka other people want to make friends, i'm trying to make you some fun my job is to educate and teach you, so call me at 1-800-743-cnbc or tweet me at jimcramer. there's a gaping hole in the american education system. although even calling it a system seems overly generous when you go to high school they teach you chemistry, the